_fast-food-restaurants-reports-decline-in-same-store-sales-reflecting-inflation-and-consumer-pressures.jpg "Fast Food Restaurants Reports Decline in Same-Store Sales, Reflecting Inflation and Consumer Pressures from meermin store Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 0:48
👁 View: 960K times
✓ Published: 04-May-2024
👁 View: 960K times
✓ Published: 04-May-2024
Description:
Yum! Brands, owner of KFC, Taco Bell, and Pizza Hut, reported a 3% decline in same-store sales for the first quarter, which was expected due to inflation, consumer demand pressures, and geopolitical issues. Pizza Hut and KFC saw same-store sales declines of 7% and 2%, while Taco Bell grew by 1%. Starbucks reported a 4% drop in global comparable store sales driven by a 6% transaction decline, as more cautious consumers cut back. McDonald's comparable sales grew just under 2% in the first quarter, as the CEO noted broad consumer price pressures reducing discretionary spending.
Yum! Brands, owner of KFC, Taco Bell, and Pizza Hut, reported a 3% decline in same-store sales for the first quarter, which was expected due to inflation, consumer demand pressures, and geopolitical issues. Pizza Hut and KFC saw same-store sales declines of 7% and 2%, while Taco Bell grew by 1%. Starbucks reported a 4% drop in global comparable store sales driven by a 6% transaction decline, as more cautious consumers cut back. McDonald's comparable sales grew just under 2% in the first quarter, as the CEO noted broad consumer price pressures reducing discretionary spending.
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
Related Videos
_meermin39s-best-boots-inside-their-nyc-store.webp "Stridewise")
_former-starbucks-ceo-schultz-criticizes-company39s-earnings-miss-and-guidance-cut-offer-advice-on-improving-customer-exp.webp "Former Starbucks CEO Howard Schultz weighed in on the company's recent earnings miss and guidance cut, saying that Starbucks needs to focus on fixing the U.S. store experience for customers through the eyes of a merchant, not just data. He noted mobile ordering, payment experiences, and new drink development need improvement. Schultz wants Starbucks to focus on premium drinks that set it apart from competitors. Starbucks cut its full-year forecast and saw a 17% drop in stock value after a decline in same-store sales.")
_meermin-men39s-dress-shoe-review-linea-maestro-oxfords-amp-11414-suede-loafers.webp "Gentleman's Gazette")
⏲ 9 minutes 7 seconds 👁 26.5K
_36200-shoes-transformed-into-362000-shoes-meermin.webp "Trenton u0026 Heath")
_unboxing-meermin-negon-boot-review-a-36275-viberg-dupe.webp "Babbling Boots")
_shoe-cobblers-review-meermin-loafers-124-are-they-worth-the-hype.webp "Trenton u0026 Heath")
_mcdonald39s-posts-disappointing-q1-results-amid-ongoing-boycotts.webp "McDonald's Posts , Disappointing Q1 Results , Amid Ongoing Boycotts.<br/>'The Independent' reports that McDonald's posted weaker-<br/>than-expected results in the first quarter of 2024, as a result <br/>of a boycott over the company's perceived support for Israel. .<br/>'The Independent' reports that McDonald's posted weaker-<br/>than-expected results in the first quarter of 2024, as a result <br/>of a boycott over the company's perceived support for Israel. .<br/>According to McDonald's, higher sales in the <br/>United States helped the fast-food giant overcome <br/>weakness in markets where the brand is being boycotted.<br/>According to McDonald's, higher sales in the <br/>United States helped the fast-food giant overcome <br/>weakness in markets where the brand is being boycotted.<br/>The company saw same-store sales rise by <br/>1.9% worldwide between January and March, <br/>below the Wall Street forecast of 2.1%.<br/>Increased menu pricing and delivery demand <br/>saw same-store sales in the U.S. increase by 2.5%.<br/>In international markets, sales fell <br/>by 0.2% for the first time since 2020.<br/>Despite this, McDonald's said the company's revenue <br/>increased 5% to reach $6.17 billion, while net income went <br/>up 7% to $1.93 billion, in-line with Wall Street estimates.<br/>'The Independent' reports that Muslim-majority <br/>markets like Indonesia, Malaysia and the Middle East <br/>have been boycotting McDonald's for months.<br/>The boycotts started after a McDonald's franchise in <br/>Israel announced in October that it would provide free <br/>meals for Israeli troops amid the ongoing war in Gaza.<br/>In the months since then, the company has tried to limit <br/>the fallout by taking over all 225 McDonald's in the country <br/>with the purchase of Alyonal Limited, its Israeli franchise.<br/>Our hearts remain with <br/>the communities and families <br/>impacted by the war in the Middle East. <br/>We abhor violence of any kind and <br/>firmly stand against hate speech, <br/>and we will always proudly <br/>open our doors to everyone, McDonald's statement, via 'The Indepndent'.<br/>Our hearts remain with <br/>the communities and families <br/>impacted by the war in the Middle East. <br/>We abhor violence of any kind and <br/>firmly stand against hate speech, <br/>and we will always proudly <br/>open our doors to everyone, McDonald's statement, via 'The Indepndent'")
_meermin-review-pt-1-the-purchase.webp "QuantumBob")
Related Video Searches
Back to Search
Search Videos
Recent Searches
×
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
_meermin39s-best-boots-inside-their-nyc-store.jpg)
_former-starbucks-ceo-schultz-criticizes-company39s-earnings-miss-and-guidance-cut-offer-advice-on-improving-customer-exp.jpg)
_meermin-men39s-dress-shoe-review-linea-maestro-oxfords-amp-11414-suede-loafers.jpg)
_36200-shoes-transformed-into-362000-shoes-meermin.jpg)
_unboxing-meermin-negon-boot-review-a-36275-viberg-dupe.jpg)
_shoe-cobblers-review-meermin-loafers-124-are-they-worth-the-hype.jpg)
_mcdonald39s-posts-disappointing-q1-results-amid-ongoing-boycotts.jpg)
_meermin-review-pt-1-the-purchase.jpg)
❮❯
1 / 10
2 / 10
Play Video: (Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
3 / 10
4 / 10
5 / 10
6 / 10
7 / 10
8 / 10
9 / 10
10 / 10
![[+]](/images/menu.gif){kind=small}